Procurement Guidelines under loans extended by the OPEC Fund

3. Bid opening, evaluation and award of contract ........................................................................................ 15 3.1 Time interval between invitation and submission of bids ................................................ 15 3.2 Bid opening procedures ................................................................................................................................................ 15 3.3 Extension of validity of bids .................................................................................................................................... 15 3.4 Clarifications or alterations of bids ................................................................................................................ 15 3.5. Procedures to be confidential ............................................................................................................................... 16 3.6 Examination of bids ............................................................................................................................................................ 16 3.7 Postqualification of bidders ..................................................................................................................................... 16 3.8 Evaluation and comparison of bids ............................................................................................................... 16 3.9 Preferences ..................................................................................................................................................................................... 17 3.10 Rejection of all bids ............................................................................................................................................................. 17 3.11 Award of contract ................................................................................................................................................................. 18 4. Other forms of procurement ................................................................................................................................................ 19 4.1 Introduction ................................................................................................................................................................................... 19 4.2 Examples ........................................................................................................................................................................................... 19

5. Detailed procedures to be specified in loan agreements .......................................................... 22

6. Preferences .................................................................................................................................................................................................. 23 6.1 Preference for goods from developing countries ...................................................................... 23 6.2 Preference for domestic civil works contractors ........................................................................ 24

7. Review of bidding documents, procedures and contracts by the OPEC Fund ................................................................................................................................ 25

8. Use of consultants by the OPEC Fund and recipients ..................................................................... 26